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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Smiling Bob who wrote (173670)	12/26/2008 11:15:39 AM
From: Live2Sail	Respond to of 306849

U.S. Recession To Persist In Months Ahead Reuters December 26, 2008 (Reuters) - NEW YORK, Dec 26 (Reuters) - A measure of future economic growth in the United States and its annualized growth rate inched up in the latest week, but still indicate the U.S. recession is here to stay, a research group said on Friday. The Economic Cycle Research Institute, a New York-based independent forecasting group, said its Weekly Leading Index rose in the week ending Dec. 19 to 106.6 from 106.2 in the previous week. The index's annualized growth rate edged up to negative 29.2 percent from minus 30.1 percent, initially reported at minus 30 percent. "With WLI growth barely above its all-time low seen two weeks ago, the U.S. recession will persist in the months ahead," said Melinda Hubman, research associate at ECRI. The weekly index rose due to lower interest rates and higher stock prices and the gain was partly offset by higher joblessness, according to ECRI data.